2024-04-23 13:11:02 ET
Ameriprise Financial, Inc. (AMP)
Q1 2024 Earnings Conference Call
April 23, 2024 09:00 AM ET
Company Participants
Alicia Charity - Senior Vice President, Investor Relations
James M. Cracchiolo - Chairman and Chief Executive Officer
Walter S. Berman - Executive Vice President and Chief Financial Officer
Conference Call Participants
Brennan Hawken - UBS
Suneet Kamath - Jefferies
Wilma Burdis - Raymond James
Thomas Gallagher - Evercore ISI
Ryan Krueger - KBW
Alex Blostein - Goldman Sachs
Craig Siegenthaler - Bank of America
Michael Cyprys - Morgan Stanley
Jeff Schmitt - William Blair
John Barnidge - Piper Sandler
Michael Anagnostakis - Wolfe Research
Presentation
Operator
Welcome to the Q1 2024 Earnings Call. My name is Brianna, and I will be your operator for today’s call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session. [Operator Instructions] As a reminder, the conference is being recorded.
I will now turn the call over to Alicia Charity. Alicia, you may begin.
Alicia Charity
Thank you, and good morning. Welcome to Ameriprise Financial’s First Quarter Earnings Call. On the call with me today are Jim Cracchiolo, Chairman and CEO; and Walter Berman, Chief Financial Officer. Following their remarks, we’d be happy to take your questions.
Turning to our earnings presentation materials that are available on our website, on Slide 2, you will see a discussion of forward-looking statements. Specifically, during the call, you will hear references to various non-GAAP financial measures, which we believe provide insight into the company’s operations. Reconciliation of non-GAAP numbers to their respective GAAP numbers can be found in today’s materials and on our website.
Some statements that we make on this call may be forward-looking, reflecting management’s expectations about future events and overall operating plans and performance. These forward-looking statements speak only as of today’s date and involve a number of risks and uncertainties.
A simple list of factors and risks that could cause actual results to be materially different from forward-looking statements can be found in our first quarter 2024 earnings release, our 2023 annual report to shareholders and our 2023 10-K report. We make no obligation to publicly update or revise these forward-looking statements.
On Slide 3, you see our GAAP financial results at the top of the page for the first quarter. Below that, you see our adjusted operating results, which management believes enhances the understanding of our business by reflecting the underlying performance of our core operations and facilitates a more meaningful trend analysis. Many of the comments that management makes on the call today will focus on adjusted operating results....
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Ameriprise Financial, Inc. (AMP) Q1 2024 Earnings Call Transcript